Polymath is excited to announce the launch of its Gasless Transactions feature, designed specifically for enterprises. This innovative feature allows businesses to adopt blockchain technology without the need to hold any cryptocurrency or utility tokens on their balance sheets, further simplifying the transition to digital assets.
Built for Enterprises: No Crypto Holding Required
Polymath’s Gasless Transactions feature eliminates a common barrier for enterprise blockchain adoption: the need to manage and pay transaction fees in crypto tokens. By taking care of all gas fees on the backend, Polymath ensures that enterprises can use blockchain technology seamlessly, without the complexity of handling cryptocurrency or exposing themselves to volatility.
This solution allows enterprises to focus on issuing, managing, and trading security tokens, without worrying about operational frictions related to crypto asset management. It is an ideal fit for companies that are keen to leverage blockchain for its benefits, but have been hesitant due to the need to interact with crypto tokens.
Simplified, Cost-Effective Operations
With gas fees fully managed by Polymath, users can enjoy a frictionless experience when conducting transactions on the platform. Whether it's issuing security tokens or participating in secondary market trading, enterprises and their clients can now engage with blockchain technology in a fully cost-effective and secure manner—without having to calculate or hold cryptocurrency to cover gas costs.
Quotes from Leadership
"Our new Gas-less Transactions feature is specifically designed to make blockchain adoption easier for enterprises wanting to utilize a public blockchain," said Vince Kadar, Chief Executive Officer of Polymath. "By handling all gas fees behind the scenes, we remove a significant hurdle, allowing businesses to embrace security tokens without holding any cryptocurrency on their balance sheet. This is a major step forward in making blockchain more accessible and practical for enterprise-level clients."
About Polymath
Polymath simplifies the complex challenges of creating and managing security tokens. With a focus on regulatory compliance, Polymath's technology provides a comprehensive platform for issuers, enabling the creation, issuance, and management of security tokens in a secure and compliant manner. For more information, visit www.polymath.network.